The Court of First Instance informed that it has allowed the Hong Kong Securities and Futures Commission’s (SFC) appeal against the acquittal of Mr Wong Hung of illegal short selling and ordered that the case be remitted back to the Magistrates’ Court for a re-trial. In May 2014, the Eastern Magistrates’ Court acquitted Wong on…
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The Saudi Arabia Capital Market Authority (CMA) has pointed out that its decision announced by the CMA Board to exempt listed companies from disclosing financial statements for the fourth quarter of the current fiscal year is part of CMA's ongoing efforts to develop the financial market in the Kingdom. It also stems from CMA's keenness…
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State Street Global Exchange has today released the results of the State Street Investor Confidence Index® (ICI) for December 2017. The Global Investor Confidence Index decreased to 94.8, down 1.5 points from November’s revised reading of 96.3. The fall in sentiment was driven by a 6.2 point drop in the North American ICI to 94.9…
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The Securities and Futures Commission (SFC) has banned Mr Ng Chau, a former account executive of Get Nice Securities Limited (Get Nice), from re-entering the industry for six months from 15 December 2017 to 14 June 2018 for breach of the SFC’s Code of Conduct. The SFC found that Ng effected transactions in a client’s…
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Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, today announced that LuLu Exchange, which provides cross-border remittance, currency exchange and other financial services for consumers and businesses, has selected Fiserv to enhance its financial crime prevention capabilities and enable its expansion into new markets. LuLu Exchange will implement a cloud-based version of…
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Following Bitcoin’s latest tumble, Mark Ward, head of trading at Sanlam UK, has examined why the virtual currency is so volatile and shared the three reasons that will shape the future of the cryptocurrency. Seldom a week goes by without mention of Bitcoin in the news – from commentators predicting it to be the swindle…
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Amman Stock Exchange (ASE) announced that it will launch the new official application ASE News today on the devices that use (IOS) and (Android) operating systems. This application aims to enable investors and those who are interested in securities to follow up all news, circulars and disclosures of listed companies issued by the ASE. The…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill announced that has become a sponsor of SK Kadrina, an Estonian wrestling team which participated in an international wrestling competition in Arad, Israel. The tournament was held from 31 October until 6 November 2017 in memory of Lieutenant Hanan Barak and attracted hundreds…
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News sources in Israel, as well as certain blogs close to the Binary Options sector, are reporting that Israel's new Binary Options law has been challenged to the Israeli Supreme Court. The appeal has been brought by lawyers representing Yossi Herzog, the major shareholder in binary options group Yukom Communications Ltd which has operated a…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Lolly Loans PVT Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
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